in May Terra (Luna) The defoliation in the crypto sector, which began with the collapse of cryptocurrency among the stock exchanges FTXcontinued with its bankruptcy.
Owned by Barry Silbert after FTX’s bankruptcy Digital Currency Group (DCG) and subsidiary of the company GenesisThe liquidity shortage experienced by DCG and Genesis also brought up the possibility of bankruptcy.
For all Genesis customers Bitcoin (BTC) taken a hit by having to stop withdrawals and loan applications Barry Silbert It took $1 billion in emergency loans and survived bankruptcy.
However, the liquidity and volatility crisis in Silbert’s companies may still be ongoing.
Zira Blockchain analysis firm centimentclaimed that Barry Silbert may continue to sell cryptocurrencies in his post on Twitter.
Santiment said that the cryptocurrencies owned by Barry Silbert within DCG have fallen sharply in recent days.
Ethereum Classic (ETC), FileCoin (FIL), Polkadot (DOT) and Decentraland (MANA) Drawing attention to the declines in cryptocurrencies such as:
“Cryptocurrencies within DCG, owned by Barry Silbert, have fallen hard in recent days.
ETC, FLOW, MASK, FIL, OCEAN, YGG, RSR, DOT, LPT, MANA, BAT and NEAR are all part of this falling group!”
📉 Coins in #DigitalCurrencyGroupowned by #BarrySilberthave plummeted hard in recent days. $ETC, $FLOW, $MASK, $FIL, $OCEAN, $YGG, $RSR , $DOT, $LPT, $MANA, $BAT& $NEAR are all part of this group. Read our quick take! 👀https://t.co/tUlvwSNl5I pic.twitter.com/ZYg9BT8OMP
— Santiment (@santimentfeed) December 20, 2022
According to data from CoinMarketCap, Ethereum Classic (ETC)14.65% in the last week; Flow (FLOW) 19.29%; Decentralalanad (MANA) 20.66%; Filecoin (FIL) 32.29% and Near Protocol (NEAR) It fell 23.24%.
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